Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (35912)	6/27/1999 1:53:00 PM
From: m jensen	Read Replies (3) of 116779

What of the possibility! When Gold prices reach the production level that we could see the US Fed Reserve become a net buyer of Gold. This could suit several purpose's; One way to get out of the Japanese, Asian crisis is to have some degree of economic growth. Buying Gold would put US dollars in Asian hands which could then be reinvested in Us Treasury Bond's or US goods and services. So it would provide US dollars and doesn't put upwards pressure on the US dollar. Distinct possibility? Gold may seem like an anachronism, but in actual fact ther's still a role for the shifting of currencies back and forth. And that would reinforce the US desire to be the world reserve currency or continue as such. Your thoughts Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next